Turkish investors are showing record interest in purchasing real estate abroad. Overseas real estate investments, which were only $130 million in 2013, have surpassed $2.2 billion as of 2024. While Turks are now primarily purchasing homes for residency within Türkiye, the influence of 'Golden Visa' and citizenship programs has led them to start acquiring investment properties abroad.
 

Teuta Narazan, Co-Founder of Vesta Global, warned about the importance of choosing the right location and price when acquiring Golden Visa and citizenship.

In the last 4-5 years, the demand for home purchases in Türkiye, Europe’s largest real estate market, has shifted from 'investment purposes' to 'residency purposes.' Those seeking to buy homes for investment are now increasingly targeting Golden Visa countries and areas that offer rental income in reserve currency regions. Narazan pointed out that Turkish buyers, who only spent $130 million on overseas property in 2013, spent over $2 billion last year. She also noted that Golden Visa programs and citizenship schemes have encouraged foreign real estate investments.
 

Narazan stated, "In recent years, Turkish investors have favored countries that offer high-value appreciation and residency rights. European countries such as Spain, Portugal, and Greece are especially popular. One of the main reasons for this is that investing there also provides the opportunity to live in Europe and enjoy the right to free movement. Furthermore, the real estate markets in these countries show stable growth, which offers investors long-term value appreciation. We expect this trend to strengthen even more in the coming years."
 

Narazan emphasized that investors abroad need to pay attention to both the right location and the right price, as well as ensuring that the legal processes proceed correctly. "In Portugal, fund investments are becoming more prominent. Choosing the right fund to invest in is crucial. The fund manager's track record and financial performance are key. We believe that advancing with the right information and steps will make the investment valuable," she added.
 

In Greece, the Golden Visa is available for €250,000.

The Greek Golden Visa program offers residence permits valid for five years to those who invest in real estate worth €250,000, €400,000, or €800,000, depending on the region. Those who obtain a Golden Visa gain many advantages, including the right to free movement within European Union countries. Narazan noted that the best Golden Visa option is in Greece and although there is no definitive date, the program for €250,000 may be phased out. "For this reason, I can say that this is a significant opportunity for Golden Visa seekers," she added.